Prepared is the market for a hike . Financials are the only sector still in the red so far this year. Were going to talk to barclays banking analyst about where theres some opportunity. And our new Digital Series binge launches today. We talk to marquee names in the world of media for an inside look at whats driving our binge culture. Well give you an inside look at what to expect. First up investors focused on speech today set for fed chair janet yell. How the future impact Interest Rate decisions if you listen to some today maybe the chop in the data doesnt necessarily dissuade them from a june move. No, not one month at least doesnt dissuade them. I think the question has to arise exactly how much more data are we going to get before the july meeting that would actually give you assurance that it isnt the beginning of a trend. The fact that markets took it in stride relatively speaking, at least the stock market really just held in there, buying panic and treasuries of course. They
Daughter sherri and the ceo and leader of viacom Phillippe Dauman. This morning he has filed a lawsuit just moments ago along with George Abrams in the massachusetts probate and family Court Challenging changes purportedly made to the trust arrangements by an attorney claiming to represent mr. Redstone. In a legal complaint, these two gentlemen, mr. Dauman and mr. Abrams who again have been removed from the trust that oversees the stake in National Amusements that in turn controls viacom and cbs, they are going to the court saying they want immediate judicial relief and a court ruling to invalidate the purported removal of them by mr. Redstone as trustees of the trust and also invalidate the removal as well as directors of National Amusements. They would assume then want him, that is mr. Redstone, to be deemed potentially incompetent and not able to make decisions. And very harshly worded language, guys, that accompanies this lawsuit. In a press release i just received Phillippe Dauman
Mathisen is somehow not wearing a tie. More than Economic Data never takes off and you got some big data earlier today. Lets find out what it may say about the economy and your money with the very bespoke Steve Liesman. I may take my tie off. The bad news is that with this mornings revision, we couldnt even get to 1 for First Quarter growth. Q1 actual up 0. 8 . That is an upward revision. There would be hopes for a whole number. 1 couldnt make it. The good news is that weakness is so far not spread to economists for this quarter. Here is the cnbc rapid update. There is news in this, folks. Its unchanged. The yfd a rebound remains intact. And some big guys like Goldman Sachs had the upper range there of 3 . Here are the details of the gdp number. Consumer spending that, is the big disappointment. Still at 1. 9 . Business investment revised downward. Businesses are simply not spending out there. Housing is strong. Revisions upwards to net trade. Exports were a little better. Imports a li
Also seeing areas of fog. Look at the dew points drop from 70 today to the 50s and 60s. Now 50s thats quite comfortable. Still have mid 60s for parts of the cape. Visibility down to half a mile in norwood a little bit warmer in keene and orange. Otherwise looking fantastic this morning for your start. We will notice temperatures climbing into your 80s by lunch hour. Mid to upper 80s by the interior of the afternoon. Then as we get toward the evening youll n that means cooler conditions developing at the coast. A sea breeze kicking on in, what to expect in your town for high temperatures and when to expect our next chance of rain. Over to you. Catherine breaking this morning, a busy night for responders across boston. Over the span of two hours, there was three separate shootings. One sending a person to the hospital apt many with lifethreatening injuries. Jason boston e. M. S. Confirms and an hour later, someone shot on norton street and the last one just before 4 00 in Jamaica Plain.
Candidate for the San Francisco seat 20 its hosted by the Bar Association of San Francisco im u yund w the director of the forum we appreciate you coming out to hear about the candidates this is broadcast between now and the election the election day did june 3rd remember to vote. It has a horrifies of hosting the fourmd and our purpose is it give you the opportunity to see your candidates face to face and hear if the candidates on a adversity of topic so thank you all for being here we hope you leave tonight more informed. Please allow me to introduce you to the moderator affidavit so long as and dr. Is the finland director of the California Center at the Berkley Law School they concern the california skfrm and the Supreme Court. He received his defense counsel rat with his ears on constitutional lieu and very well published in this ear before going to men and women numerator e fulltime he was in active law practice including a Deputy Attorney general with the California Justice Depar